Nigeria’s Senate passes the Petroleum Industry Governance Bill
Nigeria’s Senate, during its plenary session on 25 May 2017, passed the Petroleum Industry Governance Bill (“PIGB” or “the Bill”) following the recommendation of the Joint Committee of the National Assembly on Petroleum (upstream, downstream and gas).
Regulatory Alert: National Assembly Investigates Abuse of Pioneer Status
The House of Representatives, in exercise of its powers under the Nigerian Constitution, has set up an ad-hoc committee (the Committee) to investigate perceived abuse of pioneer status tax incentive by companies operating in Nigeria.
2017 Federal Government Budget : Pinpointing the Facts and Figures
On Wednesday, 14 December 2016, President Muhammadu Buhari presented the 2017 budget of N7.3trillion to the National Assembly for consideration. The budget which is tagged, budget of recovery and growth and expected to be financed by increased borrowings, is aimed at providing a roadmap to revive the nation’s troubled economy. Click HERE for full details of the budget.